American Airlines Group (AAL) has risen sharply, recording gains of 14.65% in the past 4 weeks. However, the stock has corrected -2.99% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
American Airlines Group (NASDAQ:AAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.71 and $33.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.44, notching a gain of 2.56% for the day. The total traded volume was 16,437,181 . The stock had closed at $33.58 on the previous day.
The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 7.63%. American Airlines Group Inc. is up 4.58% in the last 3-month period. Year-to-Date the stock performance stands at -17.98%.
American Airlines Group (AAL) : Average target price received by American Airlines Group (AAL) is $43.15 with an expected standard deviation of $5.73. The most aggressive target on the stock is $50, whereas the most downbeat target is $29. 10 financial analysts are currently covering the stock.
American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Groups principal subsidiary include US Airways, Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAGs primary business activity includes the operation of two network carriers through its principal, wholly-owned mainline operating subsidiaries: American and US Airways. The Companys airlines operate an average of approximately 6,700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.